Alternative Path

[gdl]

ONE PM - possible start of slide? On the MONTHLY CHARTS of SPX we have a clear almost perfect 5 wave structure and followed by a ONE WAVE overlap up. This suggests we are ONLY in wave 2 and also suggest the next drop will be equal or greater than the first. the first was 1200 SPX points down. IF 4100 was the highs of this wave 2 we should break below 3000 on SPX before recovering.

This ALL assumes the structure is not a completed 5 wave down move. big assumption but implication on downside is dramatic.

BTW the absolute most helpful FREE site to use for all things involving Stock market is "Investing.com". Look it over. has everything, economic calendar for government reports like this PPI, stochastics on charts from 1 minute to 1 month on most indices and stocks. I tried telling the GURU on another site but he preferred they JUST listen to him.